Arbeitspapier
Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Micro Data
The paper examines real and nominal wage rigidities.We estimate a switching regime model, in which the observed distribution of individual wage changes, computed from West German register data for 1976-1997, is generated by simultaneous processes of real, nominal or no wage rigidity, and measurement error. The fraction of workers facing wage increases that are due to nominal, but mostly real wage rigidity is substantial.The extent of real rigidity rises with inflation, whereas the opposite holds for nominal rigidity. Overall, the incidence of wage rigidity, which accelerates unemployment growth, is most likely minimized in an environment with moderate inflation.
- Sprache
-
Englisch
- Erschienen in
-
Series: RWI Discussion Papers ; No. 12
- Klassifikation
-
Wirtschaft
Trade Unions: Objectives, Structure, and Effects
Wage Level and Structure; Wage Differentials
Monetary Policy
- Thema
-
downward wage rigidity
real effects of inflation
collective bargaining
switching regime model
West Germany
Lohnrigidität
Reallohn
Inflationsrate
Tarifpolitik
Schätzung
Deutschland
Alte Bundesländer
regime switching model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bauer, Thomas K.
Bonin, Holger
Sunde, Uwe
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (wo)
-
Essen
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bauer, Thomas K.
- Bonin, Holger
- Sunde, Uwe
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Entstanden
- 2004
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